USD CAD forex weekly technical report for 9 to 13 may 2016

USD CAD forex weekly technical report for 9 to 13 may 2016 Usd Cad forex weekly chart technical analysis Usd cad forex pair this week closed with strong gains at 1.2905.   This week move was reversal signal as well as fresh buy signal.   My tgt 1.29 is achieved now expecting 1.31 and 1.32 in upcoming weeks.   On downside 1.2550 was major averages support zone and remain as bottom for this fresh move.   Monthly chart suggest if 1.25 hold then expect next top around 1.50 to 1.55 in longer terms.

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Pramod Baviskar

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